Financial Sector Reform (ACT) Act 1999

The Executive may make regulations amending the provisions of this Act (other than this section) or any other Act in relation to any matter arising from, connected with or consequential on the enactment of this Act.

Regulations made under subsection (1) may be expressed to have taken effect on a day earlier than the day on which they are notified in the Gazette, not being a day earlier than the transfer date.

If regulations made under subsection (1) are expressed to take effect on a day earlier than the day on which they are notified in the Gazette, they do not operate so as to—

affect, in a manner prejudicial to any person (other than the Territory or a territory authority), the rights of that person existing at the day of notification; or

impose liabilities on any person (other than the Territory or a territory authority) in respect of any act or omission before the day of notification.

The Executive may only make regulations under subsection (1) during the period of 12 months commencing on the transfer date.